Dado Ruvic/Reuters A developer of the sanctioned Tornado Cash platform has been arrested by Dutch Police. The platform was sanctioned by the US Treasury this week over connections to North Korean money laundering. Dutch police say that more arrests are possible as they look into decentralized fintech firms. The Netherlands Crime Agency (FIOD) said it arrested a 29-year-old who is a suspected developer of Tornado Cash, the crypto mixer that was slapped with US sanctions earlier this week.The platform, which mixes cryptocurrencies into the decentralized ethereum network and hides the origin of users' tokens, was prohibited from operating in the United States earlier this week after the US Treasury said North Korean hackers had been using the service for money laundering.

BING NEWS:
  • DOJ Opposes Tornado Cash Developer’s Motion To Dismiss, Says Defendant Exercising Misdirection
    The U.S. Department of Justice (DOJ) is pushing back against a Tornado Cash founder's efforts to have his charges dismissed.
    04/30/2024 - 7:46 am | View Link
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